The bond market selloff is getting more serious, with some popular funds down nearly 20% since the summer.
Her nearly four-year tenure has been highlighted by high-profile enforcement cases and plagued by internal battles that stalled controversial policies.
Regulator claims Securities America Advisors and Triad Advisors "acted inconsistently with their fiduciary duties."
Stuart G. Dickinson is ordered to pay close to $1 million in restitution.
Advantage Financial Group and Private Advisor Group take advantage of a policy change to join the organization that represents independent broker-dealers.
One-time heir apparent to Mark Casady to lead asset manager Legal & General Investment Management America, an institutional money manager.
Derek Bruton didn't waste any time putting his imprint on Lucia Capital Group, striking a deal for the managed equity and fixed-income accounts of West Coast Asset Management, a registered investment advisory firm with $170 million in assets.
Plaintiffs claim Xerox took kickbacks from Financial Engines for including the managed-account provider on its record-keeping platform, breaching its fiduciary duty.
The president-elect barely mentioned the retirement crisis during his campaign, but will wield enormous power over many related issues once in office.
Many brokers and other financial firms have already changed compensation and other policies to align with the regulation. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The DOL rule, from all angles.</a>)</i></b>
About 70% of Medicare beneficiaries are protected by a “hold harmless” provision.
Plus: Industrial stocks ride infrastructure-spending hopes, Warren Buffett makes nice with Donald Trump, and suddenly it's the Democratic party that might not survive in tact
Gerald Cocuzzo faces up to 20 years in connection with the $131 million market manipulation scheme of ForceField Energy Inc.
Clients may choose fee-based or self-directed retirement accounts.
Veteran managers from Ariel, Gabelli, Monetta and Pioneer share their lessons.
What's useful for clients in terms of planning is also good for business development.
"Macroeconomic trends" led Hancock to ditch new policy sales, in the latest example of an LTC market beleaguered by negative consumer perception and low interest rates.
The new president cannot simply rip up the regulation, which became effective in June. <b><i>(More: <a href="//www.investmentnews.com/article/20161110/BLOG12/161119996/leveraging-portfolios-to-take-advantage-of-donald-trumps-policies" target=""_blank"" rel="noopener noreferrer">Biotech, healthcare, banks and energy may benefit from Trump's policies</a>)</i></b>
